Real Estate
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First Bank House of the Week: Move-In Ready Luxury Hits the Market in Lower Gwynedd
Listed for $2,550,000, this brand-new Lower Gwynedd home offers nearly 6,000 square feet of finished living space in a secluded yet highly convenient Montgomery County setting. Tucked at the end of a private lane, the property pairs classic architectural details with modern amenities, creating a move-in-ready opportunity just minutes from Ambler’s shops, dining, and train…
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$39M Debt Sends Rosetree Office Complex in Media Into Receivership
The 268,000-square-foot Rosetree office complex in Media has been sent to receivership, with the property holding more than $39 million in debt, writes Paul Schwedelson for the Philadelphia Business Journal. The two-building property at 1400 N. Providence Road, owned by an entity affiliated with Keystone, became the subject of foreclosure after the owner missed the…
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West Chester Eagles Legend Brent Celek Brings His Real Estate Team to Keller Williams
Brent Celek, the former Eagles star who now lives in West Chester, has brought his real estate team to Keller Williams in what he calls a “natural next step,” writes Ryan Mulligan for the Philadelphia Business Journal. Brent Celek Real Estate, previously independent, will now join the nation’s largest brokerage at its Media office. Celek, a former tight end…
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Someone Lives in a Real Live Hobbit House in Chester County and It’s Awesome
Tucked away in the picturesque Chester County countryside is a true-to-life scene from Middle Earth. It’s an actual Hobbit House. Architect Peter Archer of West Chester’s Archer & Buchanan Architecture had the life-sized tribute to The Shire handcrafted for J.R.R. Tolkien fans alongside an 18th-century stone wall on their property, according to a Houzz tour…
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Ambler Advances Major Mixed-Use Plan Near SEPTA Station
A proposed transformation of land near Ambler’s SEPTA station took a meaningful step forward this week, writes Linda Finarelli for The Reporter. The Borough Council voted 5-2 on February 17 to approve revisions to the town’s redevelopment overlay district. This allows Dresher’s BET Investments to move ahead with plans for a mixed-use project along West…
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Here’s How the Real Estate Market is Doing in Delaware County
The regional housing market appears to have stabilized, according to Larry Flick V, CEO of Berkshire Hathaway HomeServices Fox & Roach Realtors. The Greater Philadelphia market is performing “reasonably well,” and has remained largely a seller’s market, he said. “I think when the spring market pops, it will be strong,” Flick said, predicting a small…
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Hatboro Wawa Sells for $7.4M in Major Local Real Estate Deal
A recently built Wawa in Hatboro has changed hands in a multimillion-dollar deal, writes Schwedelson for The Philadelphia Business Journal. Ivyland-based Altimari Properties purchased the Wawa at 412 S. York Road for $7.4 million. The convenience store was completed in 2023. It sits at the busy intersection of York and Horsham roads and includes fuel…
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Lambertville Couple Transforms Neglected Cape Cod Into Modern Rancher
When their 1895 rowhouse began feeling too cramped, Lambertville couple Lauren Braun-Strumfels and Kyle Strumfels purchased a neglected 1970s Cape Cod, eager to transform it into their dream home, writes Zoe Rosenberg for The Philadelphia Inquirer. “With the rowhouse, there were certain things that we just wouldn’t want to do to it, historically, to preserve…
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Maguire Hayden Secures $58M Refinancing for 300 Four Falls Headquarters in West Conshohocken
Maguire Hayden Real Estate has obtained a $58 million loan to refinance 300 Four Falls, the West Conshohocken office building that serves as its headquarters, writes Paul Schwedelson for the Philadelphia Business Journal. The nearly 300,000-square-foot property is located at 300 Conshohocken State Road, between the Schuylkill River and I-76. The building is 91.6 percent…
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Greater Philadelphia Tops National Housing Market Price Growth in January
Greater Philadelphia saw the strongest home price growth among 40 major metro areas in January, with prices rising 8.6 percent year over year, writes Ryan Mulligan for the Philadelphia Business Journal. In January, the region’s median home price increased to $380,000, up from $350,000 a year earlier. According to a recent report from Homes.com, this…
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Former Plymouth Meeting Hotel Cleared for Apartment Conversion
A long-vacant hotel in Plymouth Meeting is one step closer to a new life, writes Emma Dooling for The Philadelphia Business Journal. Plymouth Township’s Zoning Hearing Board voted 3-1 to approve plans to convert the former DoubleTree Suites by Hilton Hotel Philadelphia West into 213 apartments. The six-story property at 640 Fountain Road, which closed…
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First Bank House of the Week: $2.59M Lower Moreland Estate Offers Resort-Style Backyard and Custom Options
Listed at $2,595,000, this newly constructed estate at 1047 Welsh Road delivers striking architecture, expansive living space and rare customization opportunities in the heart of Lower Moreland Township. Situated on more than 1.4 acres, the home blends dramatic design with modern functionality, offering buyers the chance to tailor select finishes and complete the lower level…
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Philly Homeowners Stay Put Longer, With Average Tenure Hitting 9.5 Years
Homeowners in Philadelphia are remaining in their homes longer than at any time in at least twenty years, with the average tenure now sitting at 9.5 years, write Mike D’Onofrio and Sami Sparber for AXIOS. In 2005, homeowners typically spent less than four years in their residences before deciding to move. These days, long tenure,…
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Joseph Ambler Inn in North Wales Sells to Local Real Estate Investor
After four decades with its original owner, the 52-room Joseph Ambler Inn has now been sold to Milind Satam, Jeetu Satpute and other real estate investors for $5.725 million, plus additional costs, writes Emma Dooling for the Philadelphia Business Journal. The new owner said the property will continue operating as a hotel. As an independent…
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Fortune 10 HQ in Conshohocken Hits the Market — Fully Leased
A marquee property in Conshohocken is officially on the market, according to Paul Schwedelson for The Philadelphia Business Journal. The 429,000-square-foot headquarters of Cencora has been listed for sale by owner PRP Real Assets. The 11-story, Class-A office building at 1 W. First Ave. is fully leased to the Fortune 10 pharmaceutical giant, with 10…
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Planned South Philadelphia Stadium District Development Project, Opposed By Many, Unravels
A major development in South Philadelphia’s stadium district, opposed by the Phillies, Eagles, and Comcast Spectacor, appears to have collapsed after the real estate partnership behind the project dissolved last summer, writes Jake Blumgart for The Philadelphia Inquirer. The project, which would have brought 1,367 residential units to the district, was unveiled in 2024 as…
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Historic Wayne Estate Tied to John F. Kennedy Campaign Lists for $5 Million
Fairhill, a stunning Wayne home believed to have hosted a campaign speech by former President John F. Kennedy, is now on the market for $5 million, writes Ryan Mulligan for the Philadelphia Business Journal. Completed in 1903, this five-bedroom, six-bathroom stone residence spans 6,155 square feet and was designed by renowned Philadelphia architect Wilson Eyre,…
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Bucks County Housing Market in Nation’s Top 50 at Year-End 2025
One Bucks County housing market ranked among the top 50 nationwide in the fourth quarter of 2025, making it one of only two Greater Philadelphia housing markets to earn a spot, write Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. The ranking highlights ZIP codes where market activity is surging, prices are climbing…
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